To verify construction progress, CABEI visits the Las Playas Corridor Project in Panama

This is an automated translation of the original release published in Spanish.

Panama, June 1, 2023.- With the purpose of verifying the construction progress of the Las Playas Corridor Project, technical teams from the Central American Bank for Economic Integration (CABEI) conducted made a tour of the works, whose total financing comes from CABEI for US$140.0 million and which recently made a second disbursement for US$10.1 million.

Currently, the initiative, which is planned to reduce travel times and increase road safety for more than 2.5 million Panamanians who need to travel between the capital and the west of the country, has progressed 38.0%.

This is one of the operations with the greatest impact on the economic and social development of the country, with a great positive impact on people's quality of life, and which contributes to human development, gender equality and inclusion through employment opportunities.

This initiative, which received a first disbursement of US$23.6 million from CABEI in April of this year, benefits the country comprehensively, since it facilitates mobility to access services such as hospitals, schools, shopping centers and others.